Spirit Aerosystems Holdings Inc (NYSE: SPR)’s stock price has soared by 1.26 in relation to previous closing price of 32.51. Nevertheless, the company has seen a loss of -0.90% in its stock price over the last five trading days. reuters.com reported 2024-09-26 that Key Boeing supplier Spirit AeroSystems is reviewing its contingency plans regarding furloughs, company spokesperson Joe Buccino said on Thursday, adding that no decisions has been made at this time.
Is It Worth Investing in Spirit Aerosystems Holdings Inc (NYSE: SPR) Right Now?
The 36-month beta value for SPR is at 1.85. Analysts have varying views on the stock, with 8 analysts rating it as a “buy,” 5 rating it as “overweight,” 8 as “hold,” and 2 as “sell.”
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The public float for SPR is 115.63M, and currently, shorts hold a 8.72% of that float. The average trading volume for SPR on October 02, 2024 was 2.78M shares.
SPR’s Market Performance
SPR stock saw a decrease of -0.90% in the past week, with a monthly decline of -6.50% and a quarterly a decrease of -2.83%. The volatility ratio for the week is 2.02%, and the volatility levels for the last 30 days are 2.04% for Spirit Aerosystems Holdings Inc (SPR). The simple moving average for the last 20 days is -0.91% for SPR’s stock, with a simple moving average of 2.49% for the last 200 days.
Analysts’ Opinion of SPR
TD Cowen, on the other hand, stated in their research note that they expect to see SPR reach a price target of $35, previously predicting the price at $27. The rating they have provided for SPR stocks is “Outperform” according to the report published on February 08th, 2024.
SPR Trading at -3.66% from the 50-Day Moving Average
After a stumble in the market that brought SPR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.22% of loss for the given period.
Volatility was left at 2.04%, however, over the last 30 days, the volatility rate increased by 2.02%, as shares sank -1.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.05% lower at present.
During the last 5 trading sessions, SPR fell by -0.90%, which changed the moving average for the period of 200-days by +16.08% in comparison to the 20-day moving average, which settled at $33.20. In addition, Spirit Aerosystems Holdings Inc saw 3.59% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SPR starting from BILL BROWN, who proposed sale 48,781 shares at the price of $34.16 back on Aug 14 ’24. After this action, BILL BROWN now owns shares of Spirit Aerosystems Holdings Inc, valued at $1,666,296 using the latest closing price.
Stock Fundamentals for SPR
Current profitability levels for the company are sitting at:
- -0.12 for the present operating margin
- -0.07 for the gross margin
The net margin for Spirit Aerosystems Holdings Inc stands at -0.18. The total capital return value is set at -0.2.
Based on Spirit Aerosystems Holdings Inc (SPR), the company’s capital structure generated 1.61 points at debt to capital in total, while cash flow to debt ratio is standing at -0.24. The debt to equity ratio resting at -2.63. The interest coverage ratio of the stock is -4.29.
Currently, EBITDA for the company is 188.6 million with net debt to EBITDA at -7.03. When we switch over and look at the enterprise to sales, we see a ratio of 1.21. The receivables turnover for the company is 4.11for trailing twelve months and the total asset turnover is 0.94. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.31.
Conclusion
In conclusion, Spirit Aerosystems Holdings Inc (SPR) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
